Current:Home > MyTrump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day -WealthPro Academy
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
Oliver James Montgomery View
Date:2025-04-11 10:29:46
In New York, former President Donald Trump's bills are racking up. The judgment in his civil fraud trial was officially entered with the court today — $454,156,783.05 for him alone, plus Trump is now accruing over $100,000 of post-judgment interest each day.
This is on top of the recent $83.3 million verdict against him in the E. Jean Carroll defamation trial.
Trump and the other defendants in the civil fraud case — his sons Donald Jr. and Eric Trump, and two other Trump Organization executives — have 30 days to appeal the decision by Judge Arthur Engoron, which found them liable for fraud for misrepresenting the value of Trump properties.
Trump has denied wrongdoing and vowed to appeal, calling the case a politically motivated "witch hunt."
New York Attorney General Letitia James could enforce this judgment by freezing Trump's bank accounts and selling off his properties. James has said she has her eye on Trump's 40 Wall Street skyscraper. To prevent such actions, Trump either has to post a bond or deposit money with the court — likely at least the full amount of the judgment, the Attorney General's Office said, and possibly additional funds to cover post-judgment interest that will continue to accrue during the appeal process.
The final monetary judgment entered, including about $100 million in pre-judgment interest, totals $464,576,230.62 for all the defendants. Starting today, post-judgment interest also begins accruing at 9% per annum. That's a total of $114,553.04 interest per day, with $111,983.86 just for Trump.
Trump and the other defendants had asked Engoron to stay enforcement of the judgment for 30 days to "allow for an orderly post-Judgment process, particularly given the magnitude of the Judgment."
Engoron denied the request, saying: "You have failed to explain, much less justify, any basis for a stay."
- In:
- The Trump Organization
- Donald Trump
veryGood! (627)
Related
- Meta releases AI model to enhance Metaverse experience
- Early morning storms prompt tornado warnings, damage throughout Florida
- Kentucky's Mark Stoops gives football coaches a new excuse: Blame fans for being cheap
- Thai and Filipino workers filling labor gap in Israel get caught up in war between Israel and Hamas
- North Carolina justices rule for restaurants in COVID
- Billy Ray Cyrus, Tish Cyrus' ex-husband, marries singer Firerose in 'ethereal celebration'
- Cher denies kidnapping allegation by son's estranged wife: 'I'm a mother. This is my job'
- More than 90% of people killed by western Afghanistan quake were women and children, UN says
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- After a hard fight to clear militants, Israeli soldiers find a scene of destruction, slain children
Ranking
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Chris Rock likely to direct Martin Luther King Jr. biopic and produce alongside Steven Spielberg
- Pennsylvania counties tell governor, lawmakers it’s too late to move 2024’s primary election date
- U.S. intelligence indicates Iranian officials surprised by Hamas attack on Israel
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Florida citrus forecast improves over last year when hurricanes hit state
- Climate rules are coming for corporate America
- Peter Thomas Roth Flash Deal: Get $156 Worth of Retinol for $69 and Reduce Wrinkles Overnight
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Civil rights advocates join attorney Ben Crump in defense of woman accused of voter fraud
Hidden junk fees from businesses can drive up costs. Biden, FTC plan would end it.
Spain’s acting leader is booed at a National Day event as the country’s political limbo drags on
Sonya Massey's family keeps eyes on 'full justice' one month after shooting
Olympics legend Mary Lou Retton continues to fight for her life in ICU, daughter says
Judge in Trump docs case to hear arguments regarding potential conflicts of interest
Group of New York Republicans move to expel George Santos from House after latest charges